Morellato acquires Italian distribution operations of Fossil Group

The Italian jewellery and watchmaking group, Morellato Group, has announced the acquisition of Fossil Group’s distribution operations in Italy, whose portfolio includes the Fossil, Emporio Armani, Armani Exchange, Michael Kors, and Diesel brands.

The priority will be the traditional retail channel and, as part of the new arrangement, a dedicated and exclusive sales network will be established, with the aim of ensuring retailers receive a high level of service and targeted commercial support.

“We believe in the sector; we believe in the specialist retailer- the historic fulcrum of the Italian market- at the centre of our strategy for the wealth of know-how it represents and the irreplaceable role
it plays in enhancing brands and in the relationship with the consumer,” said Massimo Carraro, chairman of Morellato Group, emphasising the strategic value of the acquisition.

This transaction represents a significant step in Morellato Group’s growth journey. Today, it is Italy’s leading jewellery and watchmaking group and a global leader in watch straps. With a directly operated retail network of 660 stores, six e-commerce sites and a network of more than 7,000 wholesale partners, the company owns 14 brands- Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Oui&Me, La Petite Story, Chronostar, and FAVS- alongside the retail banners Bluespirit, Christ, Brinckmann & Lange, Cleor, D’Amante, and Noélie. It also holds licences for seven brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. Since 2023, Morellato Group has been certified by the Responsible Jewellery Council (RJC), the organisation that defines and monitors sustainability criteria for jewellery worldwide, in line with the strictest environmental standards.

Morellato expects to close its 2025 financial year (ending on February 28, 2026) with turnover of approximately €750 million and EBITDA above 20%, up from €723 million in 2024. International markets account for around 70% of the Group’s revenues, with Italy, Germany and France among the leading markets, and excellent results in the Middle East as well.